America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: Luis who wrote (29990)	8/28/1999 10:50:00 AM
From: Rarebird	Read Replies (1) of 41369

< What happened to the Market? What's going on? > Let's say the Bear Market Rally is Over and AOL is now headed to fresh new lows with a target price in the upper 50's. A Classic Dow Theory Sell Signal May Now Be In Effect. The Industrials hit a new high which was not confirmed by any of the other indices. Now they are all falling. Moreover, the A/D line hit new lows while the Dow hit a new high. I see the S@P and Nasdaq rolling over shortly. This coming weeks NAPM and Employment Report will rekindle inflation fears with tighter labor markets and higher prices paid by producers. Yes, I am short AOL, having entered a short position at $97. My question to those of you who are long and still short term bullish on AOL here: Why not hedge your position here and short the S@P and/or Nasdaq?

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